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3159 Bruce Drive Fremont, CA 94539

3 Beds 2 Baths 1,083 sqft Built 1956

$1,200,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $1,108.03
  • 5 Days on Market
  • MLS # : BE40927979
  • Updated Date : 11/04/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,083 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Opportunity in knocking !!! This Ranch Style Mission San Jose District home features Three Bedrooms, Two Bathrooms and a Two Car Garage. It's located on an expansive (8,000 Sq.Ft.) level lot with side access, private backyard and in the most beautiful of neighborhoods. It also features a fireplace in the living room, forced-air central heating, mostly all dual pane windows and a bay window in the kitchen with views of the hills. The property is mostly all original, selling "As Is" and will need remodeling. You wont find a better property location with the vast possibilities to make this property the home of your dreams. Nearby, are the highly rated schools... Mission Valley Elementary, Hopkins Junior High and Mission San Jose High School. Property is in great proximity to the Phillip Bauer Park, Shopping Center, Restaurants, BART and the 680 Freeway!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cameron Hills

NeighborhoodNIR Market*CityMarket2010Year20002019400k600k800k1000k1200k1400k1600kPrice in $273k1786k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cameron Hills

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21800200022002400260028003000320034003600380040004200Rent in $16714218

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mission Valley Elementary School Primary Regular 645 24 7
Mission Valley Elementary School Middle Regular 645 24 7
Mission San Jose High School High Magnet 2,129 84 10

Mission Valley Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 24
7
GreatSchools Rating

Mission Valley Elementary School

  • Education Level: Middle
  • # of students: 645
  • # of teachers: 24
7
GreatSchools Rating

Mission San Jose High School

  • Education Level: High
  • # of students: 2,129
  • # of teachers: 84
10
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$4,427
Property Tax -$1,277
Property Insurance -$53
Property Management Fees -$149
CASH FLOW
-$3,147

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,200,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$176

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,778

    COMP ESTIMATED VALUE
  • $2.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,9953$3,0504$3,3005$3,800
$3,800
RENT COMPS ANALYSIS
  • 3159 Bruce Drive Fremont, CA 1
    • 3 beds 2 baths ∙ 1,083 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,083 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4325 Millard Ave Fremont, CA 2
    • 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,201 Sqft ∙ Built 1955
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $2.49
    •  
  • 41340 Erma Ave Fremont, CA 3
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1956
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $2.58
    •  
  • 3680 Wilmington Rd Fremont, CA 4
    • 4 beds 2 baths ∙ 1,314 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,314 Sqft ∙ Built 1960
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $2.51
    •  
  • 4425 Ladner St Fremont, CA 5
    • 4 beds 2 baths ∙ 1,419 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,419 Sqft ∙ Built 1955
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.68
    •  
PROPERTY LISTING DETAILS
John Lambiase
Coldwell Banker Realty
BESbswy